Oil Rigs Increased

A few comments from Steven Kopits of Princeton Energy Advisors LLC on November 30, 2018:
• Oil rigs gained +2 to 887
• Horizontal oil rigs gained more solidly, +5 at 779
• The model forecasts one more week of rig gains, after which numbers crash.
• Breakeven to add rigs rose to around $72 WTI, compared to $50.50 WTI on the screen as of the writing of this reportRead more ...